A serious loan without Credit Bureau information, around which there are many rumors in Germany, is not offered by German banks. In theory, a serious loan without Credit Bureau information can be the right loan if someone does not get a loan from German banks due to a negative Credit Bureau information. Many credit intermediaries advertise on the Internet and in the print media that they can help consumers who are looking for a Credit Bureau-free loan in difficult or hopeless cases. In doing so, they attract many non-creditworthy consumers who apply for a Credit Bureau-free loan, always hoping that it is also a serious loan without Credit Bureau information.
What is the Credit Bureau-free loan?
It is true that a serious loan without Credit Bureau information is best obtained through a credit agency. Credit without Credit Bureau is currently only granted by a foreign bank based in Liechtenstein. That means it does not matter which credit intermediary consumers turn to, there is only one serious offer from Sigma Kreditbank AG in Liechtenstein that is always at stake. However, even this serious credit is not given to anyone without Credit Bureau information. Customers have to prove their creditworthiness to the bank. Sigma Kreditbank AG expects the borrower to be able to demonstrate permanent employment with a regular income that has existed for one year.
This Credit Bureau-free loan is only a small loan of 3,500 or 5,000 dollars. Loan seekers with negative Credit Bureau who need more money submit their application for the Credit Bureau-free loan in vain. It is also not possible for consumers to run several of the Credit Bureau-free loans in parallel.
The loan without Credit Bureau can, however, be the ideal serious loan if a small side loan is needed, about which nothing should be noted at Credit Bureau. For example, if you are planning a real estate financing shortly or want to take out an official loan, you need a flawless Credit Bureau Apply for a loan without Credit Bureau.
Since there is only one provider, a credit comparison to save costs is not necessary. There can only be differences from agent to agent regarding the amount of the commission due.
What a serious loan without Credit Bureau information costs
As a rule, the interest for the Credit Bureau-free loan is higher than the interest for a comparable loan from German providers. Among other things, this has to do with the greater risk that Sigma Kreditbank takes when it lends without ever having seen the customers’ Credit Bureau. In addition to the normal credit costs for a loan without Credit Bureau, there is the commission to be paid to the intermediary. There is no binding information on the part of the credit intermediaries about the amount of the commission. However, this agency fee is not to be paid in one sum before borrowing. It is apportioned to the monthly rate.
Who can get credit without Credit Bureau information?
Because the Liechtenstein bank refrains from obtaining Credit Bureau, it needs other security from the borrower. German customers must always be able to present a permanent employment contract. You may no longer be in the trial period and the income must be attachable.
The offers are explicitly not aimed at the self-employed and freelancers, not at students and trainees, nor at the unemployed or Hartz 4 recipients. That often says the advertising of the credit intermediaries not so clearly.
Hire the right credit broker
When choosing a credit intermediary, consumers should make sure that it is a reputable company. Only then is a serious loan possible without Credit Bureau information. You can tell whether a company is working properly by not having to pay any upfront costs to process the request and make an offer. There is no evidence of seriousness if the loan seeker has to call expensive hotlines first or if consignments of unknown types are sent as cash on delivery.